Kittyhacker14
Answered

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Is the following a fixed or a variable expense?

Car Loan Payment

Question 2 options:

A) Fixed Expense
B) Variable Expense

Sagot :

bradlover3000

Answer:

Fixed Expense (A)

Step-by-step explanation:

Typically fixed expenses incorporate car payments, lease or rent payments, insurance premiums, and real estate taxes. Typically, these expenses can't be simply changed. On the positive side, they're simple to budget for because they regularly stay the same and are paid on a daily basis.
The answer is A) fixed expense
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